The number of price-reduced homes on the market in December 2010 fell by 7.7 percent from the previous month, according to a survey of 26 major U.S. markets conducted by the national real estate brokerage ZipRealty. Despite the month-to-month decline, the company says the number of homes with a reduced asking price remained high compared […]
Housing Recovery Increasingly Tied to Job Growth
Steps to limit price declines may have helped, but economic growth is now critical. Home prices in twenty major metropolitan markets dropped 1.3% from September to October, the third straight month-over-month drop, according to the December S&P/Case-Shiller home-price index released in late December. The decline erases a significant share of the modest gain in home […]
2011 Forecast: Stocks, Housing and Oil
Do you think you know what’s going to happen in the economy this year, or to the stock market, or the housing market? Compare your guesses to the experts from Wall Street… Have predictions for 2011 you’d like to share with our readers? We’d love to hear from you. Just comment below and let’s see […]
A Good Credit Score Can Get You an Affordable Home
You probably already know how important it is to have a good credit score. A high score can help you qualify for loans with the lowest interest rates, nab auto insurance at the lowest premiums, and even beat out your competitors for that dream job. However, having a good credit score is even more important […]
Housing Affordability Remains Very High
Low home prices and mortgage rates combined to bring housing affordability to its second-highest level ever, according to a new report from the National Association of Home Builders. For the third quarter of the year, the association’s Housing Opportunity Index rose to 72.1, indicating the percentage of homes sold that were affordable for those earning […]
The Best Time to Buy a House Could Be This Winter
Many consumers say they are interested in buying a home but they put off their search just because it’s cold outside, it gets dark early and they think there will be more “opportunity” in the spring. The truth is, there are plenty of opportunities now and reasons why buying a home is possible and even […]
Real Estate News: Home Prices Decline
U.S. home prices dropped in September from a month earlier and the rate of decline showed signs of accelerating, according to the S&P Case-Shiller home-price indexes. Third-quarter prices were also down. Separately, U.S. consumers brightened their moods in November–a good omen for holiday shopping, according to a report released recently. The indexes, based on the […]
Selling Your Home Amidst Competition
Although some may think it is too difficult to compete against all the foreclosures and short sales on the market, it can be done – if sellers are smart and savvy. Below are five tips every home seller should know. Price Point is the Key: Every real estate professional out there will attest that the […]
Beige Book Shows Modest Growth But Weak Real Estate Conditions
The Federal Reserve’s popular Beige Book report released this week suggests economic activity across most of the nation is showing signs of “modest” growth, but it’s not enough to improve the country’s anemic jobs picture with the unemployment rate holding at or above 9.5 percent for more than a year. Beige Book findings are based […]
Homebuyer Tax Credit Boosted Home Prices
A new report from FNC says that without the first-time homebuyer tax credit programs that expired earlier this year, home prices nationwide would be significantly lower than they currently are. According to the company’s Residential Price Index, national home prices showed an “abnormal” increase of 10.1 percent during the time the credit was active, and […]
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